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Unlike Oren Cass, F.A. Hayek Knew the Economics of Trade
Quoting F.A. Hayek’s 1960 claim that free markets will bring about a “balance … between exports and imports,” Oren Cass argues that the string of annual U.S. trade deficits over the past 44 years proves that Hayek was wrong – that history has “broken” Hayek’s “promise.” Being a non-economist, Mr. Cass can be forgiven for […]
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Why We Must Keep Section 230 and Pay the High Cost of Free Speech Online
One can’t pretend the internet hasn’t made the dark side of free speech more dangerous. But rather than a censor, it’s time for a gut check.
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The “Paradox of Thrift” Myth Is Back, Again
This is nothing but the classic case of the damage of a little learning: the overwhelming majority of people who study economics at all take a single economics class, espousing a single economic perspective, which leads to the pervasive spread of pernicious ideas.
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Why Is Maduro Pushing the Petro?
Why would the Venezuelan government prefer the petro? Three reasons stand out.
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